Northcape Capital Pty Ltd Decreases Position in S&P Global Inc. (NYSE:SPGI)
Northcape Capital Pty Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 5,710 shares of the business services provider’s stock after selling 257 shares during the period. S&P Global accounts for approximately 0.2% of Northcape Capital Pty Ltd’s portfolio, making the stock its 11th largest position. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $834,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after buying an additional 14,667,076 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in S&P Global during the first quarter valued at approximately $170,025,000. Swedbank purchased a new position in S&P Global during the first quarter valued at approximately $101,025,000. Vanguard Group Inc. increased its position in S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock valued at $2,535,747,000 after buying an additional 740,631 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in S&P Global during the first quarter valued at approximately $87,138,000. 85.62% of the stock is currently owned by institutional investors.
Shares of S&P Global Inc. (SPGI) opened at 151.03 on Monday. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The company’s 50-day moving average price is $149.31 and its 200-day moving average price is $135.87. The firm has a market cap of $38.81 billion, a P/E ratio of 17.60 and a beta of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned $1.44 EPS. S&P Global’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post $6.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. S&P Global’s dividend payout ratio is 19.16%.
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Several equities analysts have recently commented on SPGI shares. Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Monday, April 17th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, April 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $153.00 target price (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. Barclays PLC upped their target price on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Finally, Argus reaffirmed a “buy” rating and issued a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $153.82.
In other S&P Global news, Director Marco Alvera acquired 400 shares of S&P Global stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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